
Home prices surged over 20% in March as interest rates also rose, according to S&P Case-Shiller
Rising mortgage rates did not slow down rising home prices in March. Nationally, home prices were 20.6% higher than they were in March 2021, according to the S&P CoreLogic Case-Shiller Home Price Index. That is higher than the 20% gain in February. The index is a three-month running average ending in March. Nationally, home prices were 20.6% higher than they were in March 2021, according to the S&P CoreLogic Case-Shiller Home Price Index. The Case-Shiller’s 10-city composite rose 19.5% annually in March, up from 18.7% in February. The 20-city composite saw a 21.2% year-over-year gain, up from 20.3% in the previous month. The average rate on the 30-year fixed mortgage stood at 3.29% at the start of January and ended March at 4.67%, according to Mortgage News Daily. ...more RSK: As the Fed pushes rates up soon, the frenzy of REITS buying single family homes will slow down. Already price increases have slowed down because of the squeeze out of individuals ability to buy. What goes around will come around. Ken Notes: What government has a difficult time realizing is that it is stability that drives the market, businesses want to plan, homeowners want job security, retail wants customers, drivers want to be comfortable filling their tank. When pieces of this stability are interrupted you get chaos. This is where we are now and to quote May West, "It`s going to be a bumpy ride".
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Home prices surged over 20% in March as interest rates also rose, according to S&P Case-Shiller

Rising mortgage rates did not slow down rising home prices in March.

Nationally, home prices were 20.6% higher than they were in March 2021, according to the S&P CoreLogic Case-Shiller Home Price Index. That is higher than the 20% gain in February. The index is a three-month running average ending in March.

Nationally, home prices were 20.6% higher than they were in March 2021, according to the S&P CoreLogic Case-Shiller Home Price Index.
The Case-Shiller’s 10-city composite rose 19.5% annually in March, up from 18.7% in February. The 20-city composite saw a 21.2% year-over-year gain, up from 20.3% in the previous month.
The average rate on the 30-year fixed mortgage stood at 3.29% at the start of January and ended March at 4.67%, according to Mortgage News Daily.

...more

RSK: As the Fed pushes rates up soon, the frenzy of REITS buying single family homes will slow down. Already price increases have slowed down because of the squeeze out of individuals ability to buy. What goes around will come around.

Ken Notes: What government has a difficult time realizing is that it is stability that drives the market, businesses want to plan, homeowners want job security, retail wants customers, drivers want to be comfortable filling their tank. When pieces of this stability are interrupted you get chaos. This is where we are now and to quote May West, "It`s going to be a bumpy ride".

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- - Volume: 10 - WEEK: 24 Date: 6/7/2022 7:35:06 AM -